Car­bon pos­i­tive: The Aussie ETS

The Aus­tralian ex­pe­ri­ence since the July launch of its emis­sions trad­ing scheme had proved pos­i­tive, a se­nior diplo­mat has told cor­po­rate lead­ers meet­ing in Brus­sels. “The car­bon price for us is do­ing ex­actly what we wanted it to do – stim­u­lat­ing in­vest­ment, im­prov­ing en­ergy ef­fi­ciency and re­duc­ing car­bon emis­sions,” said Craig Maclach­lan, the deputy Head of Mis­sion at the Aus­tralian em­bassy. Aus­tralia’s car­bon price has been fixed at €18 a tonne un­til 2018, when it is due to float freely in a link-up with the EU ETS. – Car­bon News